Pune's Guardian Corpn forays into media, entertainment biz

PUNE: Guardian Corporation has made a foray into media and entertainment businesses with the establishment of Guardian Media and Entertainment.

The Pune-based group also has a presence in real estate, retail, lifestyle sport, and travel and tourism business segments.

“It’s been over two decades since India became a part of the global economy, but we still lack good entertainment destinations. We want to contribute in filling this gap by offering the design and development services for amusement parks, theme parks and museums,” Manish Sabade, Chairman, Guardian Corporation said.

Guardian has executed projects worth Rs 20 crore in India and abroad, while those worth Rs 150 crore are at various stages of development, he added. The projects operational include a 3-acre theme park at Sajjangad near Satara on the life of saint Ramdas Swami that gives an insight into his life through the use of multimedia, sound, light, and theatre.

The company has also created real-size replicas of some caves of Ajanta at nearby Fardapur village for tourists who are unable to see the Ajanta caves as only a few are allowed inside the caves after their declaration as a World Heritage Site.

It is now setting up a Dinosaur Park, India’s first giant screen theatre, and one of country’s largest indoor theme parks with over 23 attractions.

Latest Realty News

MUMBAI: Over the last two months, Mumbai’s municipal commissioner Sitaram Kunte has sent back file after file because the buildings they propose do not meet a specification for open spaces ruled mandatory by a recent Supreme Court order.

MUMBAI: Over the last two months, Mumbai’s municipal commissioner Sitaram Kunte has sent back file after file because the buildings they propose do not meet a specification for open spaces ruled mandatory by a recent Supreme Court order.

MUMBAI: Mumbai is getting ready for yet another business district in an area that would be bigger than Bandra-Kurla Complex, which is home to a host of marquee names in business. Known as the GVK Skycity, the area surrounding the swanky new T2 terminal in Sahar and built by the GVK group's Mumbai Airport International Ltd (MIAL), will have 20 million sq ft of commercial space that will be bid out.

NAGPUR: A magistrate's court on Sunday has extended the police custody remand for gangster-turned-real estate dealer Santosh Ambekar, who had earlier been slapped thrice with Maharashtra Control of Organized Crime Act (MCOCA) offences, in a case of extortion and Arms Act violation.

MUMBAI: Post the 1991 liberalization policy, India began to welcome various multinational corporates that were seeking permission to commence operations locally. Being the financial and commercial capital of India, Mumbai was the first city to witness a significant influx of large multinational firms.

MUMBAI: Realty developer Lodha Group has repaid debt worth Rs 825 crore it had raised by issuing non-convertible debentures in early 2012. Investors of these privately-placed debentures included retail investors and large institutions such as the Citigroup, Kotak Mahindra BankBSE 0.61 % and Deutsche Bank.

MUMBAI: For more than five lakh residents, the Supreme Court’s decision to remove the forest tag from huge tracts of land spread over Mumbai, has brought an end to their sleepless nights. The apex court has quashed all prior notices and orders regarding encroached forest land issues, in the last nine years, about the various areas bordering the Sanjay Gandhi National Park in Mumbai.

MUMBAI: An unusually high ready reckoner (RR) fixed by the stamp duty office on over century-old properties within Mumbai’s oldest religious and heritage sites, the landmark Mahalaxmi temple complex, has stumped its residents.

MUMBAI: Tier-III cities are emerging as attractive destinations for retail real estate primarily due to development of infrastructure and increasing purchasing power of consumers in these markets, according to property consultant Jones Lang LaSalle (JLL).